Author Archives: Matt Carter

Mortgage rates may have already peaked as inflation cools

By Matt Carter | July 12, 2023 - 8:29 pm |July 12, 2023 Uncategorized

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While investors expect one more Fed rate hike this month, mortgage rates are already retreating on expectations that the Federal Reserve could reverse course next year. Continue reading →

Figure powering HELOCs for 4 more independent mortgage banks

By Matt Carter | July 12, 2023 - 7:11 pm |July 12, 2023 Uncategorized

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As it continues to sign private label partners for its blockchain-powered loans, Figure says it’s provided more than $6 billion in HELOCs to roughly 85,000 households. Continue reading →

Americans resigned to high home prices, mortgage rates: Fannie Mae

By Matt Carter | July 7, 2023 - 7:01 pm |July 7, 2023 Uncategorized

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Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday. Continue reading →

Mortgage rates hit new 2023 high on strong economic data

By Matt Carter | July 6, 2023 - 7:23 pm |July 6, 2023 Uncategorized

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Strong jobs numbers and GDP growth have bond market investors convinced it’s all but certain the Federal Reserve will resume rate hikes this month. Continue reading →

Zavvie rolls out power buyer services to mortgage lenders

By Matt Carter | July 5, 2023 - 8:02 pm |July 5, 2023 Uncategorized

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After debuting a power buyer program for real estate brokerages in February, zavvie now has power buyer partnerships with 30 mortgage lenders in nine states. Continue reading →

Guaranteed Rate buys out partner in mortgage joint venture, Premia

By Matt Carter | July 5, 2023 - 6:58 pm |July 5, 2023 Uncategorized

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Relocation and moving services provider Sirva Worldwide Inc. has agreed to sell its stake in Troy, Michigan-based Premia Relocation Mortgage LLC for an undisclosed sum. Continue reading →

Supreme Court nixes $430B in student loan forgiveness

By Matt Carter | June 30, 2023 - 9:23 pm |June 30, 2023 Uncategorized

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Down payment assistance and income-driven repayment still offer a path to homeownership for those repaying $1.6 trillion in student loan debt. Continue reading →

Doma hopes to keep its place on NYSE with reverse stock split

By Matt Carter | June 30, 2023 - 7:09 pm |June 30, 2023 Uncategorized

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Shares in digital title and closing provider climb above $5, and the company will stay listed if its share price remains above $1 for the next 30 trading days. Continue reading →

Good news about economy could send mortgage rates back up

By Matt Carter | June 29, 2023 - 7:44 pm |June 29, 2023 Uncategorized

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Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading →

Homebuyer mortgage demand hits highest level since May

By Matt Carter | June 28, 2023 - 9:24 pm |June 28, 2023 Uncategorized

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Jumbo loan rates are higher than conforming mortgages for the third week in a row as spread widens to 16 basis points, the latest MBA lender survey revealed. Continue reading →